EUR/USD, Technical Analysis – H1
The pair is going through a phase of extreme range contraction, which often precedes a surge in volatility.
The pair is going through a phase of extreme range contraction, which often precedes a surge in volatility. The previously formed bullish signal in the 1.1510–1.1520 zone remains valid. Therefore, we expect the euro to find support at 1.1535 and receive a strong upward impulse from there, opening opportunities for long positions targeting 1.1600.
Key Levels:
□ 1.1535 — key support
□ 1.1600 — primary upside target
□ 1.1500 — critical downside level
Primary Scenario:
Test of 1.1535 followed by a strong rally toward 1.1600.
Alternative Scenario:
Breakdown below 1.1535 support with a possible move toward 1.1500 and lower.
Analyst Commentary:
The euro continues to benefit from the US dollar’s fragility amid ongoing geopolitical risks
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.